.Bart is growing tired of living with his parents. He estimates that he will need $170,000 for a….
.Bart is growing tired of living with his parents. He estimates that he will need $170,000 for a down payment to buy his dream house (this value will not change regardless of when Bart buys the house). Luckily, Bart just got paid for one of his Butterfinger commercials, and he has decided to invest this money in a savings account that pays an interest equal to 11% rate. If Bart invests an amount equal to $65,000 now, how long will he have to wait to have the $170,000 that he needs for his house? Express your answer in decimal form with TWO decimal places – 0.00.
.Bart is growing tired of living with his parents. He estimates that he will need $170,000 for a…